National - Associated Builders and Contractors New Jersey Chapter

ABC: Monthly Construction Economic Survey Shows Tariff Impacts Emerge

Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.5 months in March, according to an ABC member survey conducted March 20 to April 6. The reading is up 0.3 months since March 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog…

Andrew DeVito In Government Affairs, National, News

ABC: Tariffs Drive Surge in March Construction Materials Prices

Construction input prices increased 0.5% in March, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.6% for the month. Both overall and nonresidential construction input prices are 0.8% higher than one year ago.…

Andrew DeVito In Government Affairs, National, News

ABC Denounces Special Interests for Suing Trump Administration To Block Fair and Open Competition

Associated Builders and Contractors today voiced its strong opposition to North America’s Building Trades Unions’ filing of a lawsuit against President Donald Trump’s administration, seeking to reinstate project labor agreement mandates on certain U.S. Department of Defense and General Service Administration construction contracts over $35 million. “NABTU’s misguided decision to file a…

Andrew DeVito In National, News

ABC: March Construction Employment Up Just 1.8% Year Over Year

The construction industry added 13,000 jobs on net in March, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by a mere 143,000 jobs, an increase of 1.8%. Nonresidential construction employment increased…

Andrew DeVito In National, News

ABC: Nonresidential Construction Spending Rises to Highest Level on Record in February

National nonresidential construction spending increased 0.3% in February, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.255 trillion. Spending was up on a monthly basis in 9 of the 16 nonresidential subcategories.…

Andrew DeVito In National, News

Construction Job Openings Still Subdued in February, Says ABC

The construction industry had 264,000 job openings on the last day of February, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is…

Andrew DeVito In National, News

On April 2, Join ABC’s Chief Economist for a Q1 2025 Construction Economic Webinar

WHAT: Construction Executive’s Q1 2025 Construction Economic Forecast Webinar WHO: Anirban Basu, chief economist, Associated Builders and Contractors WHEN: Wednesday, April 2, 2-3:30 p.m. ET WHY: Tailored for commercial construction contractors, this update from Basu will provide pertinent details on up-to-the-minute economic conditions. Basu shares insights on…

Andrew DeVito In National, News

ABC Obtains National Recovery Friendly Workplace Certification

Associated Builders and Contractors today announced it is the first building and construction association in the United States to achieve certification as a recovery-friendly workplace from the Global Recovery Initiatives Foundation’s National Recovery Friendly Workplace Institute. This rigorous certification recognizes ABC’s commitment to fostering a supportive environment for employees in recovery from substance use…

Andrew DeVito In National, News

ABC: Construction Materials Prices Increase 0.6%, Steel Surges Nearly 4% in February

Construction input prices increased 0.6% in February, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also increased 0.6% for the month. Overall construction input prices are 0.3% higher than one year ago, while nonresidential…

Andrew DeVito In National, News

ABC Commends Trump Administration Plan To Provide Clarity on Waters of the United States Rule

Associated Builders and Contractors issued a statement from its Vice President of Regulatory, Labor and State Affairs, Ben Brubeck, on U.S. Environmental Protection Agency Administrator Lee Zeldin’s announcement that the EPA and U.S. Army Corps of Engineers will revise the definition of “waters of the United States.” “On behalf of contractors across America that…